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Economic & Housing Outlook August Report

Economic & Housing Outlook
Doug Duncan, Fannie Mae Chief Economist expects economy to finish strong in 2016. New Economy + Housing Outlook:
“We expect homebuyers will benefit from improving job and wage growth, more favorable lending standards, and continued low mortgage rates through the rest of the year, with the 30-year fixed-rate mortgage rate projected to average 3.4 percent during the fourth quarter.”
August News Release
Consumer Spending Expected to Bolster Economic Growth Outlook for Second Half of 2016

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